Stairlifts Market: Foresees Skyrocketing Growth in the Coming Years Varicose Vein Treatment Devices Market

Varicose Vein Treatment Devices Market —
Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2018–2026
Varicose veins form in the leg due to flow of blood in the opposite direction, which creates extreme
pressure in the already blocked veins. Varicose veins can lead to ulceration, swelling, and venous
eczema. The condition can significantly hamper quality of life. Over 40% of total U.S. population is
affected by varicose veins and over 30 million U.S. citizens suffer from venous insufficiency and the
risk of developing varicose veins increases with the age. Several invasive techniques such as
sclerotherapy, laser ablation and laser and intense-pulsed therapy are used to treat varicose veins.
However, the market is slowly shifting towards minimally-invasive treatment methods such as medical
adhesive as there is no need for anesthesia administration and leads to relatively less bruising
caused due to laser based treatment methods.
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Varicose vein treatment devices market is poised to gain strong traction in the Asia pacific
region
North America is the largest market for varicose vein treatment devices accounting to large
patient pool, reimbursement for minimally invasive procedures under Medicare and private
insurance. According to the data published by Society for Vascular Surgery and the American
Venous Forum, an estimated 3.7 million people sufer from varicose veins in Canada. This is
attributed to the demographic shift towards geriatric population and high prevalence of obesity.
An estimated 1 million are treated for varicose veins in U.S. which refects upon the under-
penetration of the market in the country. Europe is the second largest market with a regional
prevalence rate of 35% across European population. With the increase in aging population and
rise in prevalence of obesity, the market for varicose vein treatment devices is forecast to
witness considerable growth in North America and Europe.
Countries such as China and India constitute signifcant patient population for varicose vein
treatment devices. According to the study conducted by Wockhardt Hospital, 7% of Indian
population is sufering from varicose veins. As per OMICS International, the prevalence rate for
varicose veins in China is 10% and 29% for male and female population respectively. Asia Pacifc